Regulation N4 Special terms for transfers in (bulk transfers etc.)F1
This regulation applies where one or more members of another occupational pension scheme (“the transferring members”)—
cease to be in pensionable employment under that scheme,
join F2this Section of the Scheme, and
consent in writing to a transfer payment being accepted in respect of them and pensionable service being credited to them as mentioned in paragraphs (2) and (3).
The Secretary of State may, after taking advice from F3the Scheme Actuary, accept a single transfer payment in respect of the transferring members.
Where such a transfer payment is accepted, each of the transferring members must be credited with such additional period of pensionable service as the Secretary of State determines to be appropriate after taking advice from F4the Scheme Actuary.
Annotations
Textual amendments
- F1
Reg. N4 substituted (5.4.2002) by The National Health Service Pension Scheme (Amendment) Regulations 2002 (S.I. 2002/561), reg. 1(1)(b), Sch. para. 9
- F2
Words in reg. N4(1) substituted (1.10.2009) by The National Health Service Pension Scheme, Injury Benefits and Additional Voluntary Contributions (Amendment) Regulations 2009 (S.I. 2009/2446), reg. 1(2), Sch. 1 para. 4
- F3
Words in reg. N4(2) substituted (14.12.2007) by The National Health Service (Pension Scheme, Injury Benefits, Additional Voluntary Contributions and Compensation for Premature Retirement) Amendment Regulations 2007 (S.I. 2007/3280), regs. 1(2), 2(11)
- F4
Words in reg. N4(3) substituted (14.12.2007) by The National Health Service (Pension Scheme, Injury Benefits, Additional Voluntary Contributions and Compensation for Premature Retirement) Amendment Regulations 2007 (S.I. 2007/3280), regs. 1(2), 2(11)